Down -36.19% in 4 Weeks, Here's Why Asana (ASAN) Looks Ripe for a Turnaround

Group 1 - Asana, Inc. (ASAN) has experienced a significant downtrend, with the stock declining 36.2% over the past four weeks due to excessive selling pressure [1] - The stock is currently in oversold territory, indicated by an RSI reading of 29.63, suggesting that the heavy selling may be exhausting itself and a rebound could occur [5] - Wall Street analysts have raised their earnings estimates for ASAN, with a 24.2% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [6] Group 2 - ASAN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [7]